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Old Posted Mar 31, 2024, 11:03 PM
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Yuri Yuri is offline
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Silly example to make easier to understand:

In 2011, Brazil GDP per capita was at R$ 22,259 or US$ 13,631;

2020, it was R$ 35,935 (US$ 7,345) and in 2021 R$ 42,247 (US$ 8,166).

I don't need to say Brazil is a much wealthier place in 2021 than it was in 2011, despite the crisis and sluggish economic growth. Poverty rates are much lower. Just a random example: there were 44 million registered cars in Brazil in 2011 and now it's 75 million (and cars are very expensive items in Brazil).

So no Crawford, 2011 Brazil is not twice as rich than 2021 Brazil only because it had a higher GDP per capita converted in USD. 2011 Brazil was much poorer place.
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